FY2018 EPS Estimates for Dave & Buster's Entertainment, Inc. (PLAY) Lowered by Analyst

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) – Investment analysts at SunTrust Banks cut their FY2018 earnings estimates for shares of Dave & Buster's Entertainment in a research report issued on Thursday, Zacks Investment Research reports. SunTrust Banks analyst J. Bartlett now anticipates that the restaurant operator will post earnings of $2.55 per share for the year, down from their prior forecast of $2.63. SunTrust Banks has a “Buy” rating and a $87.00 price objective on the stock. SunTrust Banks also issued estimates for Dave & Buster's Entertainment’s Q4 2018 earnings at $0.56 EPS, Q1 2020 earnings at $1.36 EPS, Q2 2020 earnings at $0.87 EPS, Q3 2020 earnings at $0.49 EPS and FY2020 earnings at $3.65 EPS.

PLAY has been the topic of several other reports. BMO Capital Markets decreased their target price on shares of Dave & Buster's Entertainment to $68.00 and set an “outperform” rating on the stock in a report on Wednesday, December 6th. Canaccord Genuity reissued a “buy” rating and issued a $72.00 target price on shares of Dave & Buster's Entertainment in a report on Sunday, October 22nd. Zacks Investment Research lowered shares of Dave & Buster's Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Wells Fargo & Co decreased their target price on shares of Dave & Buster's Entertainment from $71.00 to $66.00 and set an “outperform” rating on the stock in a report on Thursday, November 30th. Finally, Maxim Group decreased their target price on shares of Dave & Buster's Entertainment from $97.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, January 10th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $69.00.

Dave & Buster's Entertainment (PLAY) traded down $1.75 during mid-day trading on Friday, reaching $45.95. 1,481,033 shares of the company’s stock traded hands, compared to its average volume of 2,045,242. The company has a current ratio of 0.38, a quick ratio of 0.26 and a debt-to-equity ratio of 0.70. Dave & Buster's Entertainment has a 52-week low of $43.77 and a 52-week high of $73.48. The company has a market cap of $1,941.12, a price-to-earnings ratio of 17.61, a P/E/G ratio of 1.15 and a beta of 0.28.

Dave & Buster's Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Thursday, December 7th. The restaurant operator reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. Dave & Buster's Entertainment had a net margin of 10.20% and a return on equity of 24.82%. The business had revenue of $250.00 million for the quarter, compared to analyst estimates of $255.70 million. During the same period last year, the firm earned $0.25 earnings per share. Dave & Buster's Entertainment’s revenue for the quarter was up 9.3% compared to the same quarter last year.

In other Dave & Buster's Entertainment news, Director Kevin M. Sheehan bought 10,000 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The shares were acquired at an average cost of $45.58 per share, for a total transaction of $455,800.00. Following the transaction, the director now directly owns 60,138 shares in the company, valued at $2,741,090.04. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Brian Jenkins sold 9,400 shares of Dave & Buster's Entertainment stock in a transaction that occurred on Thursday, January 4th. The stock was sold at an average price of $57.32, for a total transaction of $538,808.00. Following the sale, the chief financial officer now owns 5,042 shares in the company, valued at $289,007.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 26,600 shares of company stock worth $1,478,448. 3.84% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of the stock. Pinebridge Investments L.P. boosted its position in Dave & Buster's Entertainment by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,933 shares of the restaurant operator’s stock worth $328,000 after buying an additional 50 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Dave & Buster's Entertainment by 0.6% in the 2nd quarter. JPMorgan Chase & Co. now owns 13,637 shares of the restaurant operator’s stock worth $907,000 after purchasing an additional 79 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in shares of Dave & Buster's Entertainment by 9.7% in the 2nd quarter. Cambridge Investment Research Advisors Inc. now owns 3,613 shares of the restaurant operator’s stock worth $240,000 after purchasing an additional 319 shares during the period. Ameritas Investment Partners Inc. lifted its position in shares of Dave & Buster's Entertainment by 12.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,695 shares of the restaurant operator’s stock worth $246,000 after purchasing an additional 421 shares during the period. Finally, Profund Advisors LLC lifted its position in shares of Dave & Buster's Entertainment by 9.1% in the 2nd quarter. Profund Advisors LLC now owns 7,195 shares of the restaurant operator’s stock worth $479,000 after purchasing an additional 600 shares during the period.

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About Dave & Buster's Entertainment

Dave & Buster’s Entertainment, Inc owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of ‘Fun American New Gourmet’ entrées and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.

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Earnings History and Estimates for Dave & Buster's Entertainment (NASDAQ:PLAY)

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